204.40 Annual Settlement
Each year, after August 31 and, in odd-numbered years, prior to the Board’s organizational meeting the Board will hold its annual meeting.
Each year, at a regular or special meeting held not later than September 15th, the Board shall meet, examine the books, settle with the secretary/treasurer for the year ending on the preceding June 30th, and transact other business, as necessary.
The Board shall audit the reports of the secretary/treasurer. The treasurer shall present affidavits from depository banks as a part of his/her annual report. The Board shall examine, reconcile, and approve, if in order, the reports, and the president and secretary of the Board shall affix their signatures thereto.
Legal Reference: Iowa Code 279.33
Adopted: January 5, 1987
Reviewed:
December 10, 2008
September 20, 2010
March 23, 2015
October 19, 2020
Revised:
September 20, 2010
March 23, 2015
October 19, 2020